Rising geriatric populations
coupled with growing technological advancements to drive global medical
electronics market through 2024
 |
| Medical Electronics Market Research |
According to TechSci Research report, “Global Medical Electronics Market By Product Type, By
End-user, By Region, Competition, Forecast & Opportunities, 2024”, global medical electronics market is projected to surpass
$ 113 billion by 2024 on account of increasing geriatric population and surging
demand for easy to use, personalized and advanced healthcare devices. Moreover,
rising adoption of advanced technologies for diagnosis and treatment backed by
surging community healthcare centers is further propelling growth in global medical
electronics market. Additionally, favorable regulatory policies and
technological advancement is anticipated to aid the growth of global medical
electronics market through 2024. Johnson & Johnson Services, Inc., GE
Healthcare Pvt. Ltd, Philips Healthcare Pvt. Ltd., Siemens AG, Medtronic Plc., Baxter
International Inc., among others are some of the leading players operating in
global medical electronics market. Companies operating in the market are using
organic strategies such as product launches, and mergers and collaborations in
order to register positive growth in the market.
Browse
20 market data Tables and 99 Figures spread through 110 Pages and an in-depth TOC on "Global
Medical Electronics Market"
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Global medical electronics market can be segmented based on product type
and end user. In terms of product type, the market can be bifurcated into
diagnostics and therapeutic. Therapeutic segment is expected to witness
significant growth during forecast on account of rising cases of cardiovascular and neurological diseases. Among
end users, hospitals acquired the majority share in 2018 and the segment is
expected to continue its dominance during forecast period as well owing to increasing
prevalence of diseases which have resulted in rising number of hospital
admissions. Moreover, hospitals in the developing and developed economies are
well equipped with highly efficient medical electronic devices, thereby
contributing to the growth of hospital segment in global medical electronics
market.
“North
America dominates global medical electronics market owing to favorable
reimbursement policies, advanced healthcare technology and supportive
regulations by the governments of various economies in the region. However, Asia-Pacific
is expected to grow at impressive CAGR during forecast period owing to surging
cases of respiratory diseases and rising geriatric population in the region.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Medical Electronics Market By Product Type, By
End-user, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global medical
electronics market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the global medical electronics
market.
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